Cracking Down on Cybercrime: Major Marketplaces "Cracked" and "Nulled" Dismantled in Global Operation

Cracking Down on Cybercrime: Major Marketplaces “Cracked” and “Nulled” Dismantled in Global Operation

January 30, 2025 FraudsWatch

The digital age, while offering unprecedented opportunities for connectivity and innovation, has also spawned a dark underbelly of cybercrime. Online marketplaces, operating in the shadows, facilitate the trade of stolen data, hacking tools, and other […] Read More

Extradited Suspect Faces Charges in $60 Million International Bank Fraud and Money Laundering Ring: Erick Jason Victoria-Brito Arraigned in New York

January 29, 2025 FraudsWatch

NEW YORK, NY – In a significant victory for law enforcement against complex international financial crimes, Erick Jason Victoria-Brito, a 30-year-old resident of Hollywood, Florida, has been extradited from the Dominican Republic to the United […] Read More

Atlanta Cousins Sentenced in $2 Million+ COVID-19 Relief Fraud Scheme: Narcisse and Dieujuste Exploited PPP and EIDL Programs

January 29, 2025 FraudsWatch

Atlanta, GA – In a stark reminder of the pervasive fraud that plagued COVID-19 relief programs, two Georgia men, Johnny Narcisse and his cousin Johnson Dieujuste, have been sentenced to federal prison for their roles […] Read More

Gernesia Williams Sentenced to Prison for $110,000 COVID-19 Relief Loan Fraud, Spent Proceeds on Jewelry and Destination Wedding

January 28, 2025 FraudsWatch

The U.S. Attorney’s Office has delivered a stern message against the misuse of pandemic relief funds, highlighting a recent case where a Louisiana woman was sentenced to federal prison for fraudulently spending COVID-19 relief loan […] Read More

Crypto Reckoning: KuCoin’s Guilty Plea Exposes Dark Side of Unregulated Exchanges

January 28, 2025 FraudsWatch

The cryptocurrency landscape was rocked to its core on Monday, January 27, 2025 as PEKEN GLOBAL LIMITED (“PEKEN”), the Seychelles-based entity operating the globally renowned cryptocurrency exchange KuCoin, pleaded guilty to a charge of operating […] Read More

Medicaid Fraud: Dr. Ghodrat Pirooz Sholevar Settles for $900K After Overbilling for Mental Health Services

January 27, 2025 FraudsWatch

PHILADELPHIA, PA – In a significant victory for the federal government’s ongoing battle against healthcare fraud, a Philadelphia psychiatrist and his associated mental health clinic have agreed to pay $900,000 to settle allegations of fraudulently […] Read More

Advance Fee Fraud in 2025 and Beyond: Trends, Threats, and Tactics

January 26, 2025 FraudsWatch

This article provides a comprehensive look at advance fee fraud, a deceptive scheme that continues to thrive in 2025 and beyond. We’ll explore the latest trends, emerging threats, and sophisticated tactics employed by fraudsters, offering […] Read More

North Korean IT Worker Fraud: DOJ Indicts Five in Cyber Espionage, Money Laundering Scheme

January 25, 2025 FraudsWatch

MIAMI, FL – In a chilling revelation that underscores the evolving landscape of cyber threats and international espionage, the U.S. Department of Justice (DOJ) has unsealed an indictment charging two North Korean nationals, a Mexican […] Read More

Former Politician Reginald Fullwood Jr. Sentenced

From State House to Prison: Ex-Florida Rep. Reginald Fullwood Jr.’s Decade-Long History of Fraud Culminates in 37-Month Sentence

January 24, 2025 FraudsWatch

From Campaign Finance Violations to Medicare Fraud: The Case of Reginald Fullwood, Jr. JACKSON, Mississippi – The saga of Reginald Fullwood Jr., a former Florida State Representative, took another dramatic turn this week as the […] Read More

The Ultimate Betrayal: Alexander Charles Beckman GameOn CEO And Valerie Lau Beckman Indicted for Defrauding Investors of $60 Million

January 24, 2025 FraudsWatch

SAN FRANCISCO, CA (January 25, 2025) – In a shocking development that has sent ripples through Silicon Valley, Alexander Charles Beckman, founder and former CEO of chatbot startup GameOn Technology (also known as GameOn or […] Read More

Dubai’s Wall Street Exchange Pays $9 Million Fine in U.S. Bank Fraud Case: A Cautionary Tale of AML Compliance Failures

January 22, 2025 FraudsWatch

NEW YORK, NY (January 20, 2025) – In a significant development underscoring the importance of robust anti-money laundering (AML) compliance, Dubai-based money exchange service provider, Wall Street Exchange (WSE), has entered into a non-prosecution agreement […] Read More

Craig Allen imprisoned for defrauding investors

Atlanta Investment Firm CEO Sentenced to 7 Years for $9 Million Fraud, Cheetah Fund Collapse Leaves Investors Devastated

January 22, 2025 FraudsWatch

ATLANTA, GA – In a stark reminder of the risks lurking within the often-opaque world of private investment, Craig Allen, the founder and executive officer of Atlanta-based C.M. Allen Capital Management, Inc., has been sentenced […] Read More

Joshua and Nicole Pennington Allegedly Exploited COVID-19 Relief Programs

Joshua and Nicole Pennington Faces Justice: A Deep Dive into Multi-Million Dollar COVID-19 Relief Fraud

January 22, 2025 FraudsWatch

The COVID-19 pandemic brought unprecedented challenges, not just in terms of public health but also in economic stability. To mitigate the financial fallout, the U.S. government implemented several relief programs, including the Economic Injury Disaster […] Read More

SouthEast Bank Hit with $1.5M Fine for Discriminatory Student Loan Refinancing Practices Against Minorities

January 20, 2025 FraudsWatch

In a significant move towards addressing systemic inequalities in the financial sector, the Justice Department has announced a landmark settlement with SouthEast Bank. The Tennessee-based institution has agreed to pay $1.5 million to resolve allegations […] Read More

Scott Mason Charged in $17 Million Fraud Scheme Targeting Friends and Family: Lavish Lifestyle Funded by Decades of Deceit

January 18, 2025 FraudsWatch

Philadelphia, PA – A prominent Pennsylvania investment advisor, Scott Mason, 66, of Gladwyne, faces a litany of federal charges including wire fraud, securities fraud, investment advisor fraud, and filing false tax returns, after allegedly orchestrating […] Read More

Supreme Court Upholds Law Forcing TikTok Sale: National Security Concerns Trump Free Speech Arguments, Says DOJ

January 17, 2025 FraudsWatch

WASHINGTON, D.C. – The United States Supreme Court has delivered a landmark decision in the closely watched case of TikTok, et al. v. Garland, upholding a recently passed law that compels the Chinese-owned social media […] Read More

American Express Settles for Over $138 Million After Misleading Customers with False Tax Advice on Wire Products: A Deep Dive into the Scandal

January 16, 2025 FraudsWatch

NEW YORK – In a significant blow to its reputation and finances, American Express Company (AMEX) has agreed to a hefty settlement exceeding $138 million after admitting to deceptive sales practices involving two of its […] Read More

Fayat S.A.S. Hit with $11 Million Fine for Massive Clean Air Act Violations, EPA and DOJ Crack Down on Illegal Diesel Engine Imports

January 16, 2025 FraudsWatch

WASHINGTON, D.C. – In a decisive move underscoring the U.S. government’s commitment to enforcing environmental regulations, the Department of Justice (DOJ) and the Environmental Protection Agency (EPA) have announced a landmark settlement agreement with French […] Read More

American Express Settles for $108.7 Million: A Deep Dive into Deceptive Practices and What It Means for Small Businesses

January 16, 2025 FraudsWatch

American Express, a titan in the financial industry, recently found itself in hot water after the United States Department of Justice (DOJ) levied a hefty $108.7 million civil penalty against the company. This significant settlement […] Read More

Elderly Authors Bilked Out of $44 Million in “Blockbuster Book Deal” Scam

January 16, 2025 FraudsWatch

San Diego, CA – In a shocking case of fraud, a federal grand jury has indicted three individuals for allegedly swindling over 800 elderly authors out of more than $44 million. The scam, orchestrated through […] Read More